TC Energy completes spinoff of its Liquids Pipelines business, South Bow Corporation; TC Energy to issue third quarter results on Nov. 7

Core Viewpoint - TC Energy Corporation has successfully completed the spinoff of its Liquids Pipelines business into South Bow Corporation, positioning itself as a focused natural gas infrastructure and power solutions company, committed to maximizing shareholder value and meeting growing energy demands [1][2][3] Company Developments - The spinoff allows TC Energy to execute a tailored strategy to capture incremental value and maintain a regulated, low-risk portfolio [2] - TC Energy's common shares will resume trading on the TSX and NYSE on October 2, 2024, while South Bow's shares will also begin trading on the same date [3] - The estimated proportionate allocation of adjusted cost base between TC Energy and South Bow shares will be posted on their respective websites in Q4 2024 [3] Upcoming Events - TC Energy will release its third quarter 2024 financial results on November 7, 2024, followed by a teleconference to discuss these results [3][4] - An Investor Day is scheduled for November 19, 2024, where the senior leadership team will outline the company's strategic priorities and growth objectives for 2025 [7] Company Overview - TC Energy employs over 7,000 energy professionals focused on delivering solutions to energy challenges, including natural gas supply for LNG markets and emission reduction initiatives [8] - The company is dedicated to creating sustainable returns for investors and value for communities [8]